Gross domestic product grew by 0.6 per cent from the previous
quarter and by 2.9 per cent year-on-year

Corrected on 5 September 2011
at 10.30. The correction is indicated in red. Was previously
second.

According to preliminary data of Statistics Finland, in the April
to June period of 2011 the volume of Finland’s gross domestic
product increased by 0.6 per cent from the previous quarter.
Compared to the second quarter of 2010, working-day adjusted GDP
grew by 2.9 per cent. The second quarter had the same number of
working days as twelve months before.

Gross domestic product by quarter at reference
year 2000 prices

Revisions put the change in the volume of GDP in the
first quarter of 2011 at +0.3 per cent
from the previous quarter (was +0.8 %) and at +4.8 per cent from
twelve months back (was +5.5 %). The data of the seasonally
adjusted and trend series always become revised as new observations
become available. Revisions especially at turning points of
economic trends may be significant, which should be taken into
consideration when using seasonally adjusted and trend data.

The volume of exports fell by 7.1 per cent from the previous
quarter and by 6.8 per cent year-on-year. Imports remained on level
with the previous quarter but grew by 1.1 per cent
year-on-year.

In the second quarter, the volume of private consumption grew by
1.4 per cent from the previous quarter and by 4.6 per cent from
twelve months back. Investments went up by 2.1 per cent from the
previous quarter and by 7.4 per cent year-on-year.

The new standard industrial classification TOL2008 was adopted
in National Accounts in July 2011. The data for quarterly national
accounts are now released for the first time with the TOL2008
classification. As a rule, Eurostat's A11 industrial breakdown (11
industries) is used in quarterly national accounts publications.
Data on value added are published in quarterly national accounts
with a more detailed division of 22 industries (including the A11
industries).

Volume refers to data adjusted for price changes. Volumes at
reference year 2000 prices are expressed relative to the 2000 level
at current prices (in EUR). Change percentages from the quarter of
the previous year have been calculated from time series adjusted
for working days, and change percentages from the previous quarter
from seasonally adjusted time series.